Hi Ed,Sounds like this relative is currently, or will soon become, a tax dependent of yours, yes?

If so, you may qualify for financing colloquially known as "kiddie kondo terms" through either FHA, or Fannie/Freddie (in other words, all the lenders you'd normally be talking to anyway.)

This allows for the "responsible" family member(s) to apply for and qualify as non-occupants at PRIMARY RESIDENCE rates and terms, as co-buyers/co-borrowers with the financially weaker family occupants. This is one of those rare cases where you are allowed the rates, terms & privileges of primary residence financing on more than one home (in fact, if the ratios work, you could potentially do this on multiple homes for multiple dependent family members.)

If this won't work this way, you'd be financing on terms as an investment property, basically requiring 20% down, at rates 1/4% to 1% above primary residence rates.

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